INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
Ad hoc arbitration is a popular form of dispute resolution in India, particularly in company-law disputes. It offers a number of advantages over institutional arbitration, including flexibility and cost-effectiveness. However, ad hoc arbitration also faces a number of challenges, such as the lack of a central authority to oversee ad hoc arbitration, the difficulty of enforcing ad hoc arbitration awards, and the lack of awareness of ad hoc arbitration among businesses in India.
This paper examines the advantages and disadvantages of ad hoc arbitration in India, with special regard to company law. It also discusses the challenges to ad hoc arbitration in India and suggests ways to overcome these challenges.
The paper concludes by arguing that ad hoc arbitration can be a viable and effective dispute resolution mechanism for complex and high-value disputes in India especially in the corporate sectors. However, the Indian government and the arbitral community need to work together to overcome the challenges to ad hoc arbitration and make it a more effective and accessible dispute resolution mechanism for all parties.
Keywords:
Ad hoc arbitration, company law, India, dispute resolution, challenges, recommendations
Cite Article:
"Ad Hoc Arbitration in India: A Comprehensive Study with Emphasis on Company Law", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.9, Issue 2, page no.b424-b435, February-2024, Available :http://www.ijnrd.org/papers/IJNRD2402154.pdf
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ISSN:
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
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